Summary of User’s Issue and Solutions Discussed: Main Problem: The user’s account has restrictions preventing them from ordering debit cards online. Solution: The user is advised to contact Customer Service at 800-343-3548 for more information about removing the restrictions. Additional Information: If the user orders a Fidelity Debit Card, they can add it to their…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user is the occurrence of duplicate transactions appearing in Full View from their Fidelity Rewards visa, which disrupts their spending tracking. Fidelity’s response suggests that the duplication issue may be linked to how the account is connected and they recommend reviewing the…
Main Problem: Doc Tinsley is seeking confirmation on whether Fidelity will automatically reinvest dividends for the Cornerstone Strategic Value Fund (CLM) at NAV, as he believes this should happen according to the prospectus. Solution Provided: Fidelity clarified that dividends for ETFs like CLM are not automatically reinvested; instead, they are deposited as cash unless the…
Summary: The user is unsure if they need to create another account with Fidelity to open an IRA since they currently have a Youth account meant for investing. As the user is under 18, they cannot open a regular IRA themselves. The user’s parents can open a Roth IRA for Kids to manage on their…
Here’s a summary of the main problem and the solutions discussed: Main Problem: The user, Dew, is experiencing discrepancies between the delta values shown on the option chain and those on the profitability calculator, leading to confusion about which source to trust. Solution Suggested: Contact the Active Trader Service team for assistance, as they are…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user wants to start teaching their 9-year-old son about savings and earnings and is inquiring about opening a youth account. Solution: The Fidelity Youth account is available for teens aged 13-17, so the user can prepare to open one…
Here’s a summary of the main issue and solutions discussed: Main Problem: The user reports that their Fidelity Go account has been closed since its creation on 10/6/2023 and inquires if this is temporary and when it will be reopened. Suggested Solution: The Fidelity representative advises the user to call a Fidelity representative for assistance,…
Main Problem: Luke is confused about rolling over his Roth 401K to a Fidelity Roth IRA, specifically regarding the destination accounts for pre-tax and after-tax assets. Solutions Discussed: Typically, pre-tax assets from a 401(k) should be rolled into a Traditional IRA, while after-tax assets can go into a Roth IRA without tax consequences. It’s important…
Summary: The main problem reported by the user is that their Fidelity Youth account shows an alert regarding their debit card status, preventing them from viewing spending activity, whereas their sibling’s account does not have this issue. A suggested solution is to contact Fidelity associates to review the account and resolve the issue, as they…
Here’s a summary of the main problem and solutions discussed: Main Problem: The user, Dew, is experiencing a negative daily P/L despite an increase in their portfolio’s value, which they suspect is due to low liquidity in the securities they hold. Solution Discussed: Fidelity representative explained that “Today’s Gain/Loss” numbers reflect deposits, withdrawals, and gains…
Here’s a summary of the main problem and solutions discussed in the content: Main Problem: The user, ShadowFox, is debating whether to invest in a Fidelity Separately Managed Account (SMA) for tax harvesting in the S&P 500 versus using mutual funds like FXAIX or FSKAX, particularly regarding the fees and minimum investment required. Solution Offered:…
Summary of User’s Issue and Solutions Discussed: Main Problem: The user, Zucce05, reported that a money transfer to their Fidelity trading account has not settled after several days, preventing them from accessing the funds to pay bills. Solution Provided: Fidelity representative explained that electronic fund transfers can take 2 to 6 business days to fully…
Summary of User’s Report and Solutions Discussed: The main problem reported by the user, Ashpenaz, is confusion about which balance represents “Available to Withdraw (Cash and borrowing on margin)” in the margin calculator, and why this balance is not included in the calculator. Fidelity representative explained that “Cash and borrowing on margin” refers to funds…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user, BobV, is that the feature for accessing multiple quotes has been removed, which has caused disappointment and frustration. Fidelity’s representative, Marian, offered to look into the issue and requested additional information about the platform being used (Active Trader Pro, Fidelity.com, or…
Summary of User’s Concern and Solutions Offered: The main problem reported by the user is the need for professional advice on a risky trading strategy, specifically seeking answers to questions that are not easily found online. One solution offered is to participate in coaching sessions available through Fidelity’s Trading Strategy Desk, which are free and…
Summary of Main Problem and Solutions: The user, Jose787pr, is unable to invest in options because their current investment account does not support options trading. To begin options trading, Jose787pr needs to apply for options trading on their existing account through Fidelity’s website by following specific steps. The same cash available in the account can…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user, shrikar, is a restriction on their account that prevents them from ordering a new debit card online. Fidelity representative, Emilio, suggests that the restriction may be due to the need for additional paperwork to verify the account owner. Emilio recommends that…
Summary: The main problem reported is that the user wants to see the investment value on the Android app but only sees the total account balance. Currently, there is no option to change the home screen layout to display investment value directly upon logging into the app. The user can check their investment positions and…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user, Elijahchasinbans, reported being unable to purchase stocks during market hours, receiving notifications that purchases are only allowed from 9:30 AM to 4:30 PM ET, despite being within that timeframe from Mountain Time. Solution Discussed: Fidelity’s representative, Marian, asked…
Summary: The user is experiencing a low annual percentage yield (APY) with their local bank and is considering using SPAXX for better cash management. Fidelity offers two account types, the Cash Management Account (CMA) and the Brokerage Account, both of which provide debit card access and have no maintenance fees or minimums. SPAXX can be…